Findings of the hypothesistest

Reference no: EM13337938

When companies are designing a new product, one ofthe steps typically taken is to see how potential buyers react to apicture or protype of the proposed product.The product-developmentteam for a notebook computer company has shown picture A to a largesample of potential buyers and picture B to another,asking eachperson to indicate what they would expect to pay for such aproduct. The data resulting from the two pictures are provided infile XR11028. Using the 0.05 level of significance,determinewhether the prototypes might not really differ in terms of theprice that potential buyers would expect to pay. Identify andinterpret the p-value for the test.Construct and interpret the 95%confidence interval for the difference(0.00) within the interval?Given the presence or absence of the 0.00 value within theinterval,is this consistent with the findings of the hypothesistest?

Reference no: EM13337938

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